Increased use of leather chemicals in end-use industries such as footwear and textiles are driving the leather chemical industry forward. Leather chemicals such as syntans, polymers, colouring auxiliaries, and fat liquor have expanded in use as a result of more aesthetically pleasing leather footwear and improved leather footwear production.
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Other leather chemicals, including as chromium sulphates, formic acid, sodium bicarbonate, and degreasers, are gaining popularity as a result of an increase in their use for pH neutralization, pH lowering in the rechroming process, and adhesion of dyehouse chemicals to leather.
Leather chemicals, according to NIIR PROJECT CONSULTANCY SERVICES (NPCS), include features including better mould resistance, smoothness, and adhesiveness, which are fuelling their global demand.
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End-use Insights: -
Footwear emerged as the most popular end-use segment, accounting for over 50.0 percent of the market in 2020. Leather is one of the most extensively utilized components in the footwear business, as a result of which the product's consumption is significant. Finishing chemicals are widely used in the footwear industry to improve the product's visual appearance. In the long run, rising demand for luxury footwear will undoubtedly drive-up need for finishing chemicals.
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Market Share Insights: -
The market is extremely fragmented and competitive, with well-established and long-term competitors controlling a large portion of the market. To expand capacity and improve cost efficiency in the manufacturing process, industry participants are forming partnerships with raw material suppliers. Furthermore, as consumers become more aware of the environmental risks associated with the usage of these chemicals, the players are increasingly shifting their focus to generating green chemicals.
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Segmentation of the Market: -
Chemical’s type, end-user, and geography are the three segments that make up the worldwide leather chemicals market. The market is divided into three types of chemicals: tanning & dyeing chemicals, beam house chemicals, and finishing chemicals. It is segmented by end user into footwear, furniture, automotive, textile & fashion, and other categories. North America, Europe, Asia-Pacific, and LAMEA are the regions studied in the global leather chemicals market. Asia-Pacific nowadays grips the maximum market part, trailed by EU and NA. Elementis PLC, Solvay, Clariant AG Arkema SA, Eastman Chemical Company, Evonik Industries AG, Stahl Holdings B.V. and Indofil Industries Limited are among the main firms mentioned.
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Global Market: -
The global leather chemicals market was estimated at USD 7.55 billion in 2019, with a compound annual growth rate (CAGR) of 7.3 percent predicted from 2020 to 2027. One of the primary reasons driving market expansion is rising leather consumption in the footwear, apparel, and automotive industries. The chemicals are classified as pre-tanning, tanning, and finishing chemicals and are used at various phases of leather production. Chromium sulphates, PU resins, surfactants, and biocides are among the most commonly utilized compounds. The demand for these chemicals is expected to rise as people seek to improve the texture, colour, and aesthetic value of leather.
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Asia-Pacific Arcade: -
Due to the presence of well-established leather tanneries and a growth in the consumer base for leather footwear, the Asia-Pacific leather chemicals market dominated the market share in 2021 and is expected to continue dominating in the forecast future. In 2020, Asia-Pacific leather elements had a market segment of 52.0 percent, value $3.7 billion. The leather chemicals industry trend, such as developments in chrome tanning equipment, is a major component contributing to Asia-greatest Pacific's market share of the global market.
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India is the world's leading producer of pigskin and pigskin leather, a significant raw material for the manufacture of leather goods. Furthermore, countries such as Korea, Vietnam, Indonesia, and Taiwan are seeing rapid expansion in the leather sector. Low labour costs and the presence of a significant number of medium- and small-sized tanneries are credited with the increase in demand for leather chemicals in Asia-Pacific.
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Conclusion: -
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